Welcome to Biden-Flation
The share of U.S. adults telling pollsters at Gallup that they are experiencing financial hardship because of inflation climbed to 61 percent in the most recent survey, up from 56 percent in the August and November survey. The share saying they are experiencing severe hardship has held steady at around 15 percent; so, the increase comes from those saying they are experiencing moderate hardship.
It’s notable that the hardship of inflation has jumped even while inflation has retreated. The year-over-year increase in the consumer price index peaked at 9.1 percent way back in June, nearly 11 months ago. Yet the Gallup survey, which was conducted in mid-April, showed an increase in reported hardship. The simplest explanation for this is that it is not just the level of inflation that hurts but its duration. Continue reading
The current known federal debt is $31.7 trillion according to the web site, 
In the first quarter of the year, gold demand among central banks around the world reached record levels as investors see a mixed picture globally, said a report released this week by the World Gold Council.
“The servant carries out the master’s will. The servant doesn’t tell the master what to do. The servant does not choose which tasks to perform for the master, nor does the servant suggest days or times when it would be convenient to serve the master. The servant’s function is to follow instructions. The master, on the other hand, gives directions. The master does not tell the servant to develop a vision that will guide the master. The master is the one with the vision; the servant’s task is to help fulfill the master’s purposes. 
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At least seven companies declared bankruptcy in the last 48 hours, a reported 15-year record.
When Congress passed the Inflation Reduction Act (IRA), it allocated $80 billion to modernize the IRS after the agency had been historically underfunded by Republicans for decades. These funds will help the IRS target billionaires and large corporations that avoid paying their fair share in taxes. It will also make Tax Day easier for Americans by upgrading decades-old computer systems and adequately staffing the agency’s help line. 
Throughout medieval times until the early 18th century, one particularly excruciating European torture was peine forte et dure (French for “hard and forceful punishment”). The prisoner was bound, spread-eagled, face-up on the ground. A board was laid upon their torso, and heavy iron and stones were placed upon them until they ultimately asphyxiated. It could take several days for a victim to succumb. 
The U.S. dollar has been declining for several months, causing it to lose value and igniting fears that the country is heading for a recession.
